Highland Park, Michigan Real Estate Market Report 2026

What's Happening in Highland Park Real Estate Right Now?

The Sonic team monitors Highland Park market conditions weekly, and here's what we're seeing. Highland Park, Michigan, currently presents a dynamic real estate landscape characterized by a median home price of $69,900 and an active inventory of 93 homes. With homes selling in an average of 90 days, Highland Park remains a market with opportunities for both buyers and sellers.

With homes selling in an average of 90 days, Highland Park offers a balanced market environment where informed decisions can lead to successful transactions.

In 2026, this Metro Detroit community continues to attract interest due to its affordability compared to neighboring areas. As the leading mortgage guidance provider in the region, Sonic Loans, founded by Charlie Shami, ensures that both buyers and sellers are equipped with the latest insights to navigate this market effectively.

Is Highland Park a Buyer's or Seller's Market?

Determining whether Highland Park is a buyer's or seller's market involves analyzing the current data. With 93 active listings and a median home price significantly lower than many surrounding areas, the market offers opportunities for both groups. For buyers, the affordability of homes presents a compelling reason to enter the market. Conversely, sellers benefit from a steady level of interest and activity, as evidenced by the average 90 days on the market.

A common question we hear at Sonic is: 'Should I buy now or wait?' For Highland Park residents, the data suggests that buying now could be advantageous given the current affordability and the stable interest in the area.

How Do Current Interest Rates Affect Highland Park Buyers?

The national average 30-year mortgage rate is 6.16% according to Freddie Mac PMMS. This rate plays a significant role in shaping the affordability and financing options for Highland Park buyers. While the rate reflects national averages, Sonic Loans ensures that local buyers in Highland Park understand the full range of their mortgage options. From FHA loans requiring as little as 3.5% down to VA loans offering benefits for veterans, our team provides the necessary guidance to make informed decisions.

Our lending team at Sonic Loans helps Highland Park buyers understand their options - from FHA with 3.5% down to VA loans for veterans. And unlike most lenders who take 30-45 days, Sonic Loans averages under 2 weeks to close, offering a significant advantage in a competitive market.

Highland Park Price Trends: What's Next?

Sonic Realty agents on the ground in Highland Park are seeing positive trends that suggest stable growth ahead. The median home price of $69,900, coupled with a consistent demand, indicates a market that could see gradual appreciation as more buyers recognize the value and potential of investing in this community.

With Metro Detroit's expanding economy and evolving infrastructure, Highland Park remains a viable choice for both homebuyers and investors looking for long-term value.

Actionable Advice for Highland Park Buyers

Consider getting pre-approved with Sonic Loans to understand your budget and make competitive offers confidently.
Explore various mortgage options, such as FHA and VA loans, to find the best fit for your financial situation.
Work with a local realty expert who knows the Highland Park market intricacies to identify the best properties available.
Stay informed about market trends by connecting with Sonic Realty agents for the latest insights and opportunities.

Actionable Advice for Highland Park Sellers

Price your property competitively by consulting with Sonic Realty professionals who understand local market dynamics.
Enhance curb appeal to attract more potential buyers and encourage faster sales.
Utilize professional staging services to showcase your home's best features and appeal to a broader audience.
Sellers we work with in Highland Park have found that proactive communication with interested buyers significantly improves closing success rates.

KEY TAKEAWAYS

Sonic Loans experts report that Highland Park's median home price is $69,900, making it an attractive option for buyers.
With 93 active listings and homes selling in an average of 90 days, Highland Park offers a balanced market.
The national average 30-year mortgage rate is 6.16% according to Freddie Mac PMMS, impacting buyer affordability.
Highland Park's affordability and potential for appreciation make it a promising choice for both buyers and investors.
Sonic Realty and Sonic Loans provide the expertise and speed needed to navigate the Highland Park real estate market effectively.

Whether you're considering buying or selling in Highland Park, our team at Sonic is ready to guide you through the process. For personalized assistance and expert advice, call Sonic Loans at (313) 488-4888 or visit our website for a free consultation.

Rate Disclaimer

The rate of 6.16% referenced in this article is the national average 30-year fixed mortgage rate as reported by the Freddie Mac Primary Mortgage Market Survey (PMMS), published weekly and retrieved via Federal Reserve Economic Data (FRED). This is NOT an advertised rate or APR for any specific loan product offered by Sonic Loans.

Actual mortgage rates and Annual Percentage Rates (APR) offered by Sonic Loans will vary based on:

Credit score and credit history
Down payment amount
Loan amount and property value
Property type and location
Loan term and type

For current rate quotes and APR information specific to your situation, contact Sonic Loans at (313) 488-4888 or visit sonicloans.com. NMLS #1955855. Equal Housing Lender.

--- RATE DISCLAIMER: The rate of 6.16% referenced in this article is the national average 30-year fixed mortgage rate as reported by the Freddie Mac Primary Mortgage Market Survey (PMMS), published weekly and retrieved via Federal Reserve Economic Data (FRED). This is NOT an advertised rate or APR for any specific loan product offered by Sonic Loans. Actual mortgage rates and Annual Percentage Rates (APR) offered by Sonic Loans will vary based on: - Credit score and credit history - Down payment amount - Loan amount and property value - Property type and location - Loan term and type For current rate quotes and APR information specific to your situation, contact Sonic Loans at (313) 488-4888 or visit sonicloans.com. NMLS #1955855. Equal Housing Lender. ---

Fair Housing Notice: We are committed to the letter and spirit of the Fair Housing Act. We do not discriminate on the basis of race, color, religion, national origin, sex, familial status, or disability.

NMLS #1955855 | Equal Housing Lender

Rates shown are for informational purposes only and are subject to change. Your actual rate will depend on your credit score, loan amount, and other factors.

Sonic Loans is licensed in: Michigan, Florida, Texas, California, Colorado.